Can Pi Actually Recover?

Pi is showing signs of life, trading around $0.096 and up roughly 2% today.

But I’m not ready to call this a recovery yet.

PI is still down about 97% from its 2025 peak, while continued token unlocks keep adding supply.

The bullish side? Protocol 27 is approaching, bringing AMM liquidity and expanded smart-contract functionality.

The problem is simple:

More utility means nothing if demand can't absorb the supply.

For me, the real confirmation isn't another 5% green candle.

It's sustained volume, stronger ecosystem usage and Pi breaking out of its long-term downtrend.

Can Pi actually recover?

Or is this just another bounce before the sellers return?
$PI #BTC Price Analysis# #Meme Alpha# #BNBChain#